1886 O Morgan PCGS MS61
$1,300.00
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Description
1886 O Morgan PCGS MS61
- Mint: New Orleans
- Mintage: 10,710,000
- Obverse Designer: George T. Morgan
- Reverse Designer: George T. Morgan
- Composition: Silver
- Fineness: 0.9
- Weight: 26.73g
- ASW: 0.7734oz
- Diameter: 38.1mm
- Edge: Reeded
This is a photo of the exact coin you will receive.
Overview:
The 1886 O Morgan Silver Dollar stands as a testament to the artistry and economic dynamics of late 19th-century America. Struck at the New Orleans Mint, this coin not only serves as a piece of currency but also as a historical artifact, embodying the era’s fascination with silver coinage amidst the backdrop of the American West.
Design Details:
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Obverse: Crafted by George T. Morgan, the obverse presents a left-facing profile of Lady Liberty, adorned with a cap symbolic of freedom, with a band inscribed with “LIBERTY.” Encircling Liberty are 13 stars, indicative of the original colonies, with the coin’s date, “1886,” at the bottom.
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Reverse: The reverse features an eagle with wings extended, clutching an olive branch and a bundle of arrows, an emblem of peace and military readiness. The inscriptions include “UNITED STATES OF AMERICA,” “ONE DOLLAR,” and “IN GOD WE TRUST.” The distinctive “O” mint mark, found above the “D” and “O” in “DOLLAR,” identifies its New Orleans origin.
Composition and Specifications:
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Metal Content: This coin is composed of 90% silver and 10% copper, offering a substantial silver weight of 0.77344 troy ounces.
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Dimensions: It boasts a diameter of 38.1 mm, with a weight of 26.73 grams, providing a significant and satisfying heft indicative of its era.
Mint Information:
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Mint Mark: The “O” signifies that this Morgan Dollar was minted in New Orleans, a mint known for its historically significant output during this period, contributing to its appeal among collectors due to the mint’s storied past related to the South’s economic and cultural landscape.
Historical Context and Rarity:
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Production: The 1886 O Morgan Silver Dollar was part of the U.S. government’s efforts to convert vast silver reserves into coinage, following the Bland-Allison Act. While not the rarest in the series, its production figures still reflect a time when silver dollars were integral to the American economy.
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Collectibility: The 1886 O variant holds particular interest due to the lower survival rates of coins from the New Orleans Mint, increasing its desirability. Factors like condition, strike quality, and toning can significantly impact its value in the numismatic market.
- Grade: Graded MS61 by PCGS is recognized as a well-preserved, uncirculated coin with some visible but not overly detrimental flaws, authenticated and encapsulated by one of the industry’s leading grading services, thereby ensuring its quality, condition, and authenticity in the marketplace.
Investment and Collectible Value:
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Condition: Coins in superior condition, especially those certified by reputable grading services like PCGS or NGC, are highly prized. Uncirculated examples or those with unique attributes can command premium prices.
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Numismatic Appeal: For collectors, the 1886 O Morgan Dollar represents a tangible link to America’s silver era, offering both historical significance and the intrinsic value of silver, making it an excellent addition to any collection or investment portfolio.
Conclusion:
The 1886 O Morgan Silver Dollar is not merely a coin but a piece of Americana, reflecting a time of expansion, economic policy experimentation, and the enduring allure of silver. Whether for its historical value, its beauty, or its investment potential in precious metals, this coin stands out as a distinguished item for both novice and seasoned collectors.
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